Scenario 1.
We are in wave 5 and we will continue this downtrend back down to the $800 region possibly lower.
Scenario 2.
We are actually in a ABC correction of wave 4 and we will push higher to the low-mid
$2000 region before seeing the further move down
We can play both sides and hedge by looking for opportunities to go long on the LTF's, but for now i am only
looking for sells from the Daily Supply OB
Keep an open mind when trading, don't get stuck to one bias.... TRADE WHAT YOU SEE :)
Weekly & Monthly charts below
We are in wave 5 and we will continue this downtrend back down to the $800 region possibly lower.
Scenario 2.
We are actually in a ABC correction of wave 4 and we will push higher to the low-mid
$2000 region before seeing the further move down
We can play both sides and hedge by looking for opportunities to go long on the LTF's, but for now i am only
looking for sells from the Daily Supply OB
Keep an open mind when trading, don't get stuck to one bias.... TRADE WHAT YOU SEE :)
Weekly & Monthly charts below
Comment:
Daily - Zoomed out
Comment:
Weekly
Comment:
Monthly